Jyske Bank Steps Up M&A Pursuit to Increase Volume, CEO Says

Jyske Bank A/S, Denmark’s second-largest lender, will accelerate its search for new takeover targets, following a recent shake-up in the local banking sector, according to its chief executive officer.

The bank will “benefit from having more volume” and acquisitions of lenders in the same segment “make sense,” Lars Morch said in a phone interview on Wednesday.

His plan to speed up takeovers comes amid a wave of consolidation in the Danish banking industry, among Europe’s most fragmented. The sector needs fewer and larger players to better keep up with new regulation and stricter capital requirements, industry experts have argued. ...